Srinibas Pradhan Constructions Limited IPO

Established in September 2020, Srinibas Pradhan Constructions Limited (SPCL) is an Odisha-based infrastructure firm that evolved from a proprietary concern founded in 2001. The company specializes in the Engineering, Procurement, and Construction (EPC) of critical public utilities, including rural and urban roads, highways, and high-level bridges. Beyond transportation, SPCL delivers large-scale civil engineering services, constructing multi-storied buildings, industrial sheds, and factories for government bodies, PSUs, and private corporate clients, primarily within the Odisha region.

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The company’s growth is anchored by a robust consolidated order book of Rs.184.07 crore as of February 2026, providing strong revenue visibility across its road, bridge, and industrial segments. To support this expanding pipeline, SPCL launched a Rs.20.32 crore SME IPO on March 6, 2026, with a price band of Rs.91 to Rs.98 per share. The proceeds from the fresh issue are strategically earmarked to fund the company's working capital requirements and partially repay existing debt, ensuring the operational liquidity needed to execute its current portfolio of high-value infrastructure projects.

How do I apply for the Srinibas Pradhan Constructions IPO?

You can apply for the Srinibas Pradhan Constructions IPO using any supported UPI app by following two steps:

• Enter your bid on Navia App
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.